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A little planning can go a long way toward saving for education. The Coverdell Education Savings Account is one option. While contributions are nondeductible, your beneficiary enjoys the advantages of tax-free earnings and withdrawals for qualified educational expenses.
*For additional information, call our Account Services - IRA Department at 1 (800) 692-2274, or in the Minneapolis/St. Paul metro area, call (952) 997-8165.
Maximum Yearly Contribution | |
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Coverdell Education Savings Account |
$2,000 |